Symphony CLO IV calls $176.38 million from five classes of notes

By Tali Rackner

Norfolk, Va., July 5 – Symphony CLO IV, Ltd. plans to redeem $176,382,183.09 from five classes of floating-rate notes, according to a notice.

The following will be redeemed at par plus accrued interest on July 18:

• $94,882,183.09 of class A senior notes, for a total redemption price of $95,093,927;

• $32 million of class B senior notes, for a total redemption price of $32,099,724;

• $24 million of class C mezzanine notes, for a total redemption price of $24,114,226;

• $12.5 million of class D mezzanine notes, for a total redemption price of $12,622,687; and

• $13 million of class E junior notes, for a total redemption price of $13,201,532.

The issuer will also redeem the CLO’s subordinated notes at their pro rata share of any remaining proceeds of the collateral after giving effect to the redemption of the rated notes.

The record date is July 3.

Citibank, NA is the trustee.

Symphony CLO IV is managed by Symphony Asset Management, a San Francisco-based asset management firm.

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